Tether claims to have increased total assets by $21 billion in new accounting review

Tether is releasing periodic accounting reports to the public after reaching an agreement with the New York attorney general in February 2021.

Tether Holdings Limited, the company behind the USDT Stablecoin, on Monday released an independent accountant's report claiming its tokens are fully backed by its reserves.

Moore Cayman, an accounting network based in the Cayman Islands, reviewed Tether's latest consolidated reserve report, or CRR, and determined that the company had met its reserve obligations for the period ended June 30, 2021.

👀 Source: https://cointelegraph.com/news/tether-claims-to-have-increased-total-assets-by-21b-in-new-accounting-review